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AAP
AAP
Business
Jacob Shteyman

Slash spending and reform taxes, IMF urges Australia

The International Monetary Fund says Australia should consider bringing back the mining tax. (Alan Porritt/AAP PHOTOS)

Reviving the Gillard-era mining tax and slashing income taxes should be on the Albanese government's agenda to boost Australians' living standards, the International Monetary Fund has declared.

In its annual assessment of the Australian economy on Thursday, the influential Washington-based body gave Labor and the Reserve Bank the tick of approval for economic performance, saying the nation was successfully managing a soft landing amid global uncertainty.

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